Spectra, BG To Build LNG Pipeline In British Columbia

Law360, New York (September 10, 2012, 5:43 PM EDT) -- Pipeline operator Spectra Energy Corp. will build and operate a natural gas transportation system in British Columbia as part of a joint venture with BG Group PLC, cashing in on the fast-emerging gas-transport industry on the Canadian province's northwest coast, Spectra said Monday.

Under the agreement, the pair will evenly split their interest in the 525-mile pipeline project, which will ferry natural gas extracted from stores in northeast British Columbia to BG's prospective liquefied natural gas export hub in Prince Rupert. The 4.2 billion-cubic-feet-a-day line will...